Corn future GMO?

With China rejecting GMO corn and only allowing 1.3 million metric tons out of 7 million metric tons of corn they want to buy from the US into China this year so far, and Russia now banning it what's the Future of GMO corn price wise. China just approved importing corn from Brazil and Argentina too. That's going to affect US markets too.

Please no arguments about the validity of GMO corn, just a calm discussion or how this is going to affect prices.

Rick

They didn't reject all GMO corn just stuff with aan unapproved (by them) trait. The trait will probably get apprpbed and life will go on as before.

The Chinese rejection of an unapproved variety had little to do with it being an unapproved variety of GMO.....They were simply trying to get out of a contract when there is CHEAPER corn to be bought from South American sources. Chinese economy is starting to tank. The Chinese know the uneducated/misinformed will go with their story about the rejected corn being "GMO". Those who know better don't even consider their bogus story as fact.

yet they still have no problems selling us dog food with all kinds of
garbage chemicals, in it, to wallyworld...

Why is it in china that forced abortions are ok to control the
population but gmo corn is bad? I'm guessing it has more to
do with trade than health.

Yep,sammy and 2 Old got it. It was one unapproved trait. Even if they stopped taking it all together my cattle will still eat it and it'll still make ethanol.
That rejected corn didn't come back here. It was already on ships and just got sold to other countries over there.

My cattle have been eating it for years. I have no problem selling them for freezer beef and sell what ever I raise. My family eats my beef and have been probably since the mid nineties. I figure it can't be any worst for us than the stuff I use to spray my corn with before GMO.
I'll use it as long as I can or untill something better comes along.
I haven't heard yet where theres any proof it is harmful to anyone oe anything.

Yup, if you get your facts straight it's not all doom and gloom, and the reality is that it will have little to no effect on the markets.

It's amazing how an empty stomach will encourage you to alter your thinking... I don't think GMO corn/beans is going anywhere, anytime soon. It's not as though S/A crops are GMO free either....

Rod

Maryland wants to start labeling GMO products, even
though non-GMO products are already labeled to pick
up the bigger bucks from the fools that will shell
out the extra cash. What morons.....

OK, guys I was looking for a rational discussion as to what these things were going to do to corn prices here. Not rants about people who don't like/won't consume GMO crops. If China starts acquiring a good deal of corn from South America for ANY reason instead of from us and Russia blocks all GMO corn in retaliation for our sanctions against them it's going to affect prices. I was just wonder what you guys thing this is going to do to prices and how much it's going to affect guys who rely on corn for a good deal of their income.

Rick

I don't think it'll ever be an issue. It was just one trait that caused them to reject it. That trait has been waiting for approval by the Chinese for something like 4 years now. They're just playing games. Like I said,that corn didn't get sent back to the US,it went to other Asian countries. Getting corn out of Brazil and Argentina is no picnic either. It takes too long to get loaded with their poor infrastructure.

China can't control their own food supply. That worries them
and rightly so. Hungry folk don't behave well.....

We fiddled with our grain shipments in the Nixon and Carter
administrations, and that woke up China and other countries,
that the USA can not be trusted as a food supplier.

South America has such ingrained political problems that they
are just a mess to try to get grain from; while they might pass
us in soybean exports this year they still are just dang
unreliable, their transportation can't keep up, they have no
storage to speak of, and their governments keep taxing and
messing with producers and shippers to the point efficiency
fails.

I believe China is looking to Africa now to expand agriculture,
and find enough different sources of grain to ease and concern
of being held a food hostage by USA or SA for political or
economic goals.

And you know, I don't blame them.

So to your question.....

I believe we have a lot of hungry mouths to feed across the
globe, and many of them are getting better lives and want
better (protein) foods and more of them.

So we are in a rising time for agriculture, if China buys from
others, or expands agriculture in Africa, we still have many
places to export to and eager buyers. They will lose out to
China and be coming our way.

Bumps in the road like China's anti-gmo games or a few years
ago when they would ship soybeans out of northern ports, float
them for a while, and then have magical imports of beans to
report are all part of the game to ebb and flow grain prices.

It will work briefly and we will lose a little and China will gain a
little, but there are x number of mouths to feed across the
world, and x number of acres harvested across the world,
China can't change that. It will balance out year to year.
we are lucky that SA has expanded its agriculture as it has in
the past 40 years. We don't produce enough grain in the USA
to feed the world!

I think likewise in 20 years, if Africa and Ukraine get their acts
together and become bigger food exporters I think that will be
needed by the world, not a negative to us. I think Ukraine is a
scary place to rely upon for food right now, they looked so
promising just a couple years ago - they are so close to
Europe and Strong Middle East countries they could export
and transport far cheaper than us to those locations....

But short term yes these deals will cost us, and needs to be
considered as we market our grain. It could cost us 25 cents a
bu average, with deeper swings at certain times as markets
react to certain announcements.

It is a real concern.

Long term, it is just all part of the grain import/ export game.
More mouths around the globe, there will be more people
looking to import.

Paul